7/28/2026
1 INVESTMENT REPORTCity of Riverside | As of May 31, 2026CHANDLER ASSET MANAGEMENT| chandlerasset.comChandler Team:For questions about your account, please call (800) 317-4747, or [email protected] contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.
TABLE OF CONTENTSCity of RiversideECONOMIC UPDATEACCOUNT PROFILE1 7/28/2026
2 ECONOMIC UPDATE2
-400-20002004006008001,000
M O M Change In Thousands (000's)Nonfarm Payroll (000's)Non-farm Payroll(000's) 3-month average (000's)0.0%2.0%4.0%6.0%8.0%10.0%12.0%
Unemployment Rate3Underemployment Rate (U6)Unemployment Rate (U3)Rate (%)The May employment report depicted a labor market more resilient than recent months had suggested. Nonfarm payrolls advanced by172,000, well above the consensus estimate for an 88,000-gain, while unemployment held at 4.3% for the fourth time in the last fivemonths. Revisions reinforced the strength, as March moved up from 178,000 to 214,000, and April rose from 115,000 to 179,000. Leisureand hospitality led the gains, joined by local government and health care, while financial activities shed positions.Source: US Department of Labor Source: US Department of LaborEMPLOYMENT 7/28/2026
3 Source: Bloomberg Indices Source: Bloomberg IndicesENERGY MARKETSFuel costs eased through the period even as the Middle East war kept a risk premium embedded in crude markets. West Texas Intermediatefinished at $96.02 a barrel at the June 3 settlement, then retreated into the low $90s by the as-of date as traders weighed diplomaticprogress against the near closure of the Strait of Hormuz. Brent traded near the low $90s, more than 45% above a year earlier. The AAAnational average for regular gasoline stood at $4.241 on June 5, down 18 cents over the week and a second consecutive weekly decline,though well above the $3.144 average a year ago. Diesel held near $5.60. Crude inventories fell 8 million barrels to 433.7 million, roughly3% below the five-year average, a tightness that should temper any pronounced retreat in fuel costs.
6.506.005.505.004.504.003.503.002.502.00
US Fuel PricesAverage RetailPriceUS DieselAverage RetailPriceUS Gas($) Per Gallon 406080100120140160
Oil Prices4West Texas Intermediate (WTI Spot Cushing)Dated Brent (Global Spot)Price Per Barrel (WTI Spot)
0.0%1.0%2.0%3.0%4.0%5.0%6.0%7.0%8.0%
Personal Consumption Expenditures (PCE)PCE Price DeflatorYOY % Change PCE Core DeflatorYOY % ChangeFed TargetYOY (%) Change10.0%9.0%8.0%7.0%6.0%5.0%4.0%3.0%2.0%1.0%0.0% Consumer Price Index (CPI)5CPI YOY % ChangeCore CPI YOY % ChangeYOY (%) ChangeThe Iran conflict continued to push energy prices higher in April. The Consumer Price Index (CPI) rose 0.6% month over month, lifting theheadline year-over-year rate to 3.8%, the fastest pace since May 2023 and well above March’s 3.3% reading. Core CPI increased 0.4% onthe month and 2.8% year over year. The Personal Consumption Expenditures (PCE) price index also remained firm in April, rising 0.4%month over month and 3.8% year over year, while the core measure increased 0.2% on the month and 3.3% from a year earlier. Energyremains the primary driver of inflation, with the CPI energy component up 17.9% over the past twelve months and gasoline up 28.4%. Goodsinflation has reaccelerated amid tariff pressures and higher oil prices, while services inflation has moderated. Overall, the breadth of priceincreases makes the policy outlook more complicated.Source: US Department of Labor Source: US Department of CommerceINFLATION 7/28/2026
4 ACCOUNT PROFILE6
STATEMENT OF COMPLIANCECity of Riverside Pooled Investment Portfolio | Account #10689 | As of May 31, 20267NotesComplianceStatusActualLimitRules NameAGENCY MORTGAGE SECURITIESCompliant5.920.0Max % (MV)Compliant3.35.0Max Maturity (Years)ASSET-BACKED SECURITIES (ABS)Compliant11.620.0Max % (MV)Compliant1.55.0Max % Issuer (MV)Compliant45Max Maturity (Years)Compliant0.00.0Min Rating (AA- by 1)BANKERS' ACCEPTANCESCompliant0.010.0Max % (MV)Compliant0.05.0Max % Issuer (MV)Compliant0.0180Max Maturity (Days)Compliant0.00.0Min Rating (A-1 by 1 or A- by 1)CERTIFICATE OF DEPOSIT PLACEMENT SERVICE(CDARS)Compliant0.015.0Max % (MV)Compliant0.030.0Max % (MV; CD, CDARS, & NCD)Compliant0.05.0Max Maturity (Years)COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE CD/TD)Compliant0.030.0Max % (MV; CD, CDARS, & NCD)Compliant0.015.0Max % (MV; FDIC & Collateralized CD/TD)Compliant0.05.0Max % Issuer (MV)Compliant0.05.0Max Maturity (Years)Compliant0.00.0Min Rating (A- by 1)COMMERCIAL PAPERCompliant0.025.0Max % (MV)Compliant1.45.0Max % Issuer (Corporate & Commercial Paper; MV)Compliant0.0270Max Maturity (Days)Compliant0.00.0Min Rating (A-1 by 1 or A- by 1) 7/28/2026
5 STATEMENT OF COMPLIANCECity of Riverside Pooled Investment Portfolio | Account #10689 | As of May 31, 20268NotesComplianceStatusActualLimitRules NameCORPORATE MEDIUM TERM NOTESCompliant24.230.0Max % (MV)Compliant1.45.0Max % Issuer (Corporate & Commercial Paper; MV)Compliant45Max Maturity (Years)Compliant0.00.0Min Rating (A- by 1)FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLECD/TD)Compliant0.030.0Max % (MV; CD, CDARS, & NCD)Compliant0.015.0Max % (MV; FDIC & Collateralized CD/TD)Compliant0.05.0Max % Issuer (MV)Compliant0.05Max Maturity (Years)FEDERAL AGENCIESCompliant3.0100.0Max % (MV)Compliant1.925.0Max % Issuer (MV)Compliant25Max Maturity (Years)LOCAL AGENCY INVESTMENT FUND (LAIF)Compliant0.075.0Max Concentration (MV)LOCAL GOVERNMENT INVESTMENT POOL (LGIP)Compliant0.0100.0Max % (MV)MAX CALLABLE SECURITIESCompliant1.120.0Max % Callables (MV)MONEY MARKET MUTUAL FUNDSCompliant0.120.0Max % (MV)Compliant0.120.0Max % Issuer (MV)Compliant0.00.0Min Rating (AAA by 2)MORTGAGE-BACKED SECURITIES (NON-AGENCY)Compliant0.020.0Max % (MV)Compliant0.05.0Max % Issuer (MV)Compliant0.05.0Max Maturity (Years)Compliant0.00.0Min Rating (AA- by 1) STATEMENT OF COMPLIANCECity of Riverside Pooled Investment Portfolio | Account #10689 | As of May 31, 20269NotesComplianceStatusActualLimitRules NameMUNICIPAL SECURITIES (CA, LOCAL AGENCY)Compliant0.030.0Max % (MV)Compliant0.05.0Max % Issuer (MV)Compliant0.05Max Maturity (Years)Compliant0.00.0Min Rating (A- by 1)MUNICIPAL SECURITIES (CA, OTHER STATES)Compliant0.030.0Max % (MV)Compliant0.05.0Max % Issuer (MV)Compliant0.05Max Maturity (Years)Compliant0.00.0Min Rating (A- by 1)MUTUAL FUNDSCompliant0.020.0Max % (MV)Compliant0.010.0Max % Issuer (MV)Compliant0.00.0Min Rating (AAA by 2)NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)Compliant0.030.0Max % (MV; CD, CDARS, & NCD)Compliant0.05.0Max % Issuer (MV)Compliant0.05Max Maturity (Years)Compliant0.00.0Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit)REPURCHASE AGREEMENTSCompliant0.01.0Max Maturity (Years)REVERSE REPURCHASE AGREEMENTSCompliant0.020.0Max % (MV)Compliant0.092.0Max Maturity (Days)SUPRANATIONAL OBLIGATIONSCompliant6.630.0Max % (MV)Compliant4.110.0Max % Issuer (MV)Compliant35Max Maturity (Years)Compliant0.00.0Min Rating (AA- by 1) 7/28/2026
6 STATEMENT OF COMPLIANCECity of Riverside Pooled Investment Portfolio | Account #10689 | As of May 31, 202610NotesComplianceStatusActualLimitRules NameU.S. TREASURIESCompliant48.4100.0Max % (MV)Compliant45Max Maturity (Years) PORTFOLIO CHARACTERISTICSCity of Riverside Pooled Investment Portfolio | Account #10689 | As of May 31, 2026112/28/2026Portfolio5/31/2026PortfolioBenchmark*2.962.962.68Average Maturity (yrs)2.452.442.49Average Modified Duration4.25%4.29%Average Purchase Yield3.62%4.17%4.11%Average Market YieldAA+AA+AAAverage Quality**904,190,246900,170,900Total Market Value*Benchmark: ICE BofA 1-5 Year AAA-A US Corporate & Government Index**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 7/28/2026
7 SECTOR DISTRIBUTIONCity of Riverside Pooled Investment Portfolio | Account #10689 | As of May 31, 2026 Sector as a Percentage of Market Value1202/28/202605/31/2026Sector48.67%48.48%US Treasury24.57%24.19%Corporate11.83%11.62%ABS6.70%6.62%Supras4.33%5.94%Agency CMBS3.04%3.02%Agency0.85%0.13%Money Mkt Fd ISSUERSCity of Riverside Pooled Investment Portfolio | Account #10689 | As of May 31, 202613% PortfolioInvestment TypeIssuer48.39%US TreasuryUnited States5.93%Agency CMBSFederalHome Loan Mortgage Corp4.12%SuprasInternational Bank for Recon and Dev2.00%SuprasInter-American Development Bank1.86%AgencyFederal Home Loan Banks1.53%ABSChase Issuance Trust1.36%CorporateDeere & Company1.31%CorporateThe Goldman Sachs Group, Inc.1.27%CorporateJPMorgan Chase & Co.1.25%CorporateWells Fargo & Company1.24%CorporateMorgan Stanley1.17%CorporateAmazon.com, Inc.1.15%AgencyTennessee Valley Authority1.09%ABSHyundai Auto Receivables Trust1.06%CorporateBank of America Corporation1.02%CorporateAmerican Express Company0.96%ABSBMW Vehicle Lease Trust0.96%ABSBMW Vehicle Owner Trust0.93%CorporateMerck & Co., Inc.0.92%CorporateGuardianLife Global Funding0.89%CorporateQualcomm Incorporated0.82%ABSGM Financial Auto Leasing Trust0.81%ABSAmerican Express Credit Master Trust0.77%ABSCitigroup Inc0.72%ABSHonda Auto Receivables Owner Trust0.70%CorporateCaterpillar Inc.0.68%CorporateToyota Motor Corporation0.63%CorporateNat Rural Util Coop Fin Corp0.61%CorporateDominion Energy, Inc.0.56%CorporateMassachusetts Mutual Life Insurance 7/28/2026
8 ISSUERSCity of Riverside Pooled Investment Portfolio | Account #10689 | As of May 31, 202614% PortfolioInvestment TypeIssuer0.56%CorporatePrudentialFinancial, Inc.0.55%CorporateNorthwestern MutualGlobal Funding0.55%CorporateComcast Corporation0.54%CorporateBerkshire Hathaway Inc.0.54%ABSHyundaiAuto Lease Sec Trust0.53%ABSWF Card Issuance Trust0.51%CorporateCisco Systems,Inc.0.49%SuprasInternational Finance Corporation0.48%CorporateAbbvie Inc.0.48%CorporateRealty Income Corporation0.48%ABSBank of America Credit Card Trust0.47%CorporateSimon Property Group, Inc.0.46%ABSMercedes-Benz Auto Lease Trust0.46%ABSJohn Deere OwnerTrust0.45%CorporateUnitedHealth Group Incorporated0.45%CorporateU.S. Bancorp0.43%CorporateWalmart Inc.0.42%CorporateThe Home Depot, Inc.0.39%ABSToyota Auto Receivables Owner Trust0.36%ABSToyotaLease Owner Trust0.36%ABST-Mobile Us Trust 2026-10.35%ABSGM Financial Securitized Term0.28%CorporateThe Toronto-Dominion Bank0.28%CorporatePNC Financial Services0.28%CorporateCargill, Incorporated0.27%CorporateAmerican Honda Finance Corporation0.22%CorporateCitigroup Inc.0.22%CorporateBNY Mellon Corp0.22%CorporateSalesforce, Inc.0.18%CorporateThe Charles Schwab Corporation ISSUERSCity of Riverside Pooled Investment Portfolio | Account #10689 | As of May 31, 202615% PortfolioInvestment TypeIssuer0.18%CashCash0.18%CorporateApple Inc.0.17%CorporateRoyal Bank of Canada0.17%CorporateMetropolitan Life Global Funding I0.17%CorporatePublic Service Enterprise Group0.13%Money Mkt FdFirst American Govt Oblig Fund0.02%ABSMercedes-Benz Auto Receivables Trust100.00%TOTAL 7/28/2026
9 QUALITY DISTRIBUTIONCity of Riverside Pooled Investment Portfolio | Account #10689 | As of May 31, 2026S&P Rating Moody’s RatingFitch Rating 02/28/202605/31/2026Rating17.84%16.64%AAA60.76%62.11%AA15.12%14.29%A3.22%3.68%BBB3.06%3.28%NA1602/28/202605/31/2026Rating13.98%14.20%Aaa61.06%60.98%Aa19.00%19.14%A5.95%5.68%NA02/28/202605/31/2026Rating13.34%13.33%AAA59.36%59.10%AA11.87%12.22%A15.43%15.35%NA DURATION DISTRIBUTIONCity of Riverside Pooled Investment Portfolio | Account #10689 | As of May 31, 2026Portfolio Comparedto the Benchmark 7+5-74-53-42-31-2.5-1.25-.50-.250.0%0.0%8.6%23.2%31.7%25.3%8.4%1.8%1.1%Portfolio0.0%0.0%13.8%22.2%27.3%34.3%2.3%0.0%0.0%ICE BofA 1-5 Year AAA-A US Corporate &Government Index17 7/28/2026
10 INVESTMENT PERFORMANCECity of Riverside Pooled Investment Portfolio | Account #10689 | As of May 31, 2026Total Rate of Return: Inception| 02/01/2020 Since Inception10 Years5 Years3 Years2 Years12 Months3 MonthsTOTAL RATE OF RETURN*2.02%1.92%4.54%5.05%3.79%(0.44%)Riverside Pooled Inv Portfolio1.81%1.61%4.28%4.88%3.62%(0.52%)Benchmark18*Periods over 1 year are annualized.Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realizedand unrealized gains and losses in the portfolio.Benchmark: ICE BofA 1-5 Year AAA-A US Corporate & Government Index PORTFOLIO CHARACTERISTICSRIV - Electric Decommissioning Unit #2 | Account #10752 | As of May 31, 2026192/28/2026Portfolio5/31/2026PortfolioBenchmark*2.412.662.61Average Maturity (yrs)2.092.302.44Average Modified Duration3.57%4.11%Average Purchase Yield3.64%4.18%4.02%Average Market YieldAAAAAA+Average Quality**18,804,01018,487,832Total Market Value*Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 7/28/2026
11 SECTOR DISTRIBUTIONRIV - Electric Decommissioning Unit #2 | Account #10752 | As of May 31, 2026 Sector as a Percentage of Market Value2002/28/202605/31/2026Sector60.24%59.57%US Treasury25.04%27.83%Corporate1.08%5.01%Agency CMBS6.55%4.24%Supras1.35%3.30%ABS5.75%0.05%Money Mkt Fd ISSUERSRIV - Electric Decommissioning Unit #2 | Account #10752 | As of May 31, 202621% PortfolioInvestment TypeIssuer54.68%US TreasuryUnited States8.21%CashCash4.60%Agency CMBSFederalHome Loan Mortgage Corp2.40%SuprasInter-American Development Bank1.94%CorporateToyota Motor Corporation1.66%CorporateThe Toronto-Dominion Bank1.51%CorporateMorgan Stanley1.50%CorporateMerck & Co., Inc.1.49%SuprasInternational Bank for Recon and Dev1.39%CorporateCaterpillar Inc.1.38%CorporateAbbvie Inc.1.38%CorporateJPMorgan Chase & Co.1.37%CorporateDeere & Company1.37%CorporateRealty Income Corporation1.37%CorporateQualcomm Incorporated1.37%CorporateMarsh & McLennan Companies, Inc.1.35%CorporateSimon Property Group, Inc.1.34%CorporateBank of America Corporation1.26%CorporateThe Goldman Sachs Group, Inc.1.25%CorporateWells Fargo & Company1.22%CorporateAmerican Express Company1.11%CorporateU.S. Bancorp0.74%ABSHonda Auto Receivables Owner Trust0.67%CorporateTarget Corporation0.58%ABSBank of America Credit Card Trust0.54%ABSJohn Deere OwnerTrust0.46%ABSBMW Vehicle Lease Trust0.35%ABSToyota Auto Receivables Owner Trust0.33%ABSGM Financial Auto Leasing Trust0.30%CorporateDominion Energy, Inc. 7/28/2026
12 ISSUERSRIV - Electric Decommissioning Unit #2 | Account #10752 | As of May 31, 202622% PortfolioInvestment TypeIssuer0.30%CorporateWalmart Inc.0.30%CorporateAmazon.com, Inc.0.22%CorporateSalesforce, Inc.0.04%Money Mkt FdFirst American Govt Oblig Fund0.03%ABSMercedes-Benz Auto Receivables Trust100.00%TOTAL QUALITY DISTRIBUTIONRIV - Electric Decommissioning Unit #2 | Account #10752 | As of May 31, 2026S&P Rating Moody’s RatingFitch Rating 02/28/202605/31/2026Rating13.08%14.09%AAA61.47%57.87%AA21.99%22.21%A2.81%2.81%BBB--2.03%A-1+0.66%1.00%NA2302/28/202605/31/2026Rating13.73%15.69%Aaa62.96%58.13%Aa23.30%23.83%A--2.03%P-1--0.33%NA02/28/202605/31/2026Rating7.57%13.15%AAA64.78%58.63%AA13.41%12.76%A--2.03%F1+14.23%13.43%NA 7/28/2026
13 DURATION DISTRIBUTIONRIV - Electric Decommissioning Unit #2 | Account #10752 | As of May 31, 2026Portfolio Comparedto the Benchmark 7+5-74-53-42-31-2.5-1.25-.50-.250.0%0.0%11.4%16.3%38.4%20.1%3.2%2.3%8.2%Portfolio0.0%0.0%13.4%20.8%27.4%35.9%2.5%0.0%0.0%ICE BofA 1-5 Year Unsubordinated US Treasury &AgencyIndex24 INVESTMENT PERFORMANCERIV - Electric Decommissioning Unit #2 | Account #10752 | As of May 31, 2026Total Rate of Return: Inception| 02/01/2021 Since Inception10 Years5 Years3 Years2 Years12 Months3 MonthsTOTAL RATE OF RETURN*1.93%2.04%4.45%4.83%3.76%(0.25%)RIV ElectricDecomm Unit #21.34%1.46%4.03%4.71%3.41%(0.57%)Benchmark25*Periods over 1 year are annualized.Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realizedand unrealized gains and losses in the portfolio.Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index 7/28/2026
14 PORTFOLIO CHARACTERISTICSRIV - Electric Decommissioning Unit #3 | Account #10753 | As of May 31, 2026262/28/2026Portfolio5/31/2026PortfolioBenchmark*2.412.662.61Average Maturity (yrs)2.102.302.44Average Modified Duration3.60%4.11%Average Purchase Yield3.64%4.17%4.02%Average Market YieldAAAAAA+Average Quality**22,986,45822,616,060Total Market Value*Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch.
SECTOR DISTRIBUTIONRIV - Electric Decommissioning Unit #3 | Account #10753 | As of May 31, 2026 Sector as a Percentage of Market Value2702/28/202605/31/2026Sector60.89%60.19%US Treasury24.79%27.43%Corporate1.07%4.91%Agency CMBS6.25%4.17%Supras1.31%3.25%ABS5.68%0.05%Money Mkt Fd 7/28/2026
15 ISSUERSRIV - Electric Decommissioning Unit #3 | Account #10753 | As of May 31, 202628% PortfolioInvestment TypeIssuer55.48%US TreasuryUnited States7.83%CashCash4.53%Agency CMBSFederalHome Loan Mortgage Corp2.40%SuprasInter-American Development Bank1.82%CorporateToyota Motor Corporation1.58%CorporateThe Toronto-Dominion Bank1.46%CorporateMorgan Stanley1.46%CorporateDeere & Company1.46%CorporateRealty Income Corporation1.46%CorporateQualcomm Incorporated1.45%CorporateMerck & Co., Inc.1.44%SuprasInternational Bank for Recon and Dev1.44%CorporateSimon Property Group, Inc.1.36%CorporateCaterpillar Inc.1.35%CorporateAbbvie Inc.1.35%CorporateJPMorgan Chase & Co.1.34%CorporateMarsh & McLennan Companies, Inc.1.32%CorporateBank of America Corporation1.26%CorporateThe Goldman Sachs Group, Inc.1.24%CorporateWells Fargo & Company1.13%CorporateU.S. Bancorp1.11%CorporateAmerican Express Company0.74%ABSHonda Auto Receivables Owner Trust0.62%CorporateTarget Corporation0.56%ABSBank of America Credit Card Trust0.53%ABSJohn Deere OwnerTrust0.44%ABSBMW Vehicle Lease Trust0.35%ABSToyota Auto Receivables Owner Trust0.33%ABSGM Financial Auto Leasing Trust0.29%CorporateDominion Energy, Inc.
ISSUERSRIV - Electric Decommissioning Unit #3 | Account #10753 | As of May 31, 202629% PortfolioInvestment TypeIssuer0.29%CorporateWalmart Inc.0.29%CorporateAmazon.com, Inc.0.22%CorporateSalesforce, Inc.0.04%Money Mkt FdFirst American Govt Oblig Fund0.03%ABSMercedes-Benz Auto Receivables Trust100.00%TOTAL 7/28/2026
16 QUALITY DISTRIBUTIONRIV - Electric Decommissioning Unit #3 | Account #10753 | As of May 31, 2026S&P Rating Moody’s RatingFitch Rating 02/28/202605/31/2026Rating12.69%13.65%AAA62.11%58.92%AA21.76%21.97%A2.80%2.80%BBB--1.68%A-1+0.64%0.97%NA3002/28/202605/31/2026Rating13.33%15.21%Aaa63.55%59.16%Aa23.12%23.62%A--1.68%P-1--0.33%NA02/28/202605/31/2026Rating7.48%12.70%AAA65.30%59.61%AA13.11%12.52%A--1.68%F1+14.11%13.49%NA DURATION DISTRIBUTIONRIV - Electric Decommissioning Unit #3 | Account #10753 | As of May 31, 2026Portfolio Comparedto the Benchmark 7+5-74-53-42-31-2.5-1.25-.50-.250.0%0.0%11.6%16.2%38.5%20.2%3.6%2.0%7.9%Portfolio0.0%0.0%13.4%20.8%27.4%35.9%2.5%0.0%0.0%ICE BofA 1-5 Year Unsubordinated US Treasury &AgencyIndex31 7/28/2026
17 INVESTMENT PERFORMANCERIV - Electric Decommissioning Unit #3 | Account #10753 | As of May 31, 2026Total Rate of Return: Inception| 02/01/2021 Since Inception10 Years5 Years3 Years2 Years12 Months3 MonthsTOTAL RATE OF RETURN*1.93%2.04%4.43%4.82%3.76%(0.25%)RIV ElectricDecomm Unit #31.34%1.46%4.03%4.71%3.41%(0.57%)Benchmark32*Periods over 1 year are annualized.Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realizedand unrealized gains and losses in the portfolio.Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index IMPORTANT DISCLOSURES2026 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”),an independent pricing source. In the event IDS does not provide a price or if theprice provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisoryfees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of anyspecific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of whichwould have the effect of decreasing historical performance results. It is notpossible to invest directly in an index.Source ICE Data Indices, LLC (“ICE”),used with permission.ICE permits use of the ICE indices and related data on an “as is” basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee thequality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereofare provided on an “as is” basis and licensee’s use it at licensee’s own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based oncurrent market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be reliedupon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer,solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: thepossibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take ongreater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”)reflect the issuer rating becausethe securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principaland interest.LGIP Yields:Reported yields for local government investment pools may be presented as either the 30-day yield or the monthly distribution yield, as applicable. For certain funds, the 30-day yield is calculated using reported daily yield data. Yield calculationsare subject to change and may not be directly comparable across funds.LAIF Yields:AdditionalDisclosure for CA Clients - As a result of a reporting lag from the Local Agency Investment Fund (LAIF), reported LAIF yieldsrepresent the most recentlyavailableDaily Effective Yield and may reflect data from approximately 7–10 days prior to month-end.33 7/28/2026
18 BENCHMARK DISCLOSURESCity of Riverside34DisclosureBenchmarkThe ICE BofA 1-5 Year AAA-A US Corporate & Government Index tracks the performance of US dollar denominated investment grade debt publicly issued in the US domestic market, including US Treasury, US agency, foreign government, supranational,and corporate securities. Qualifying securities must be rated AAA through A3 (based on an average of Moody’s, S&P and Fitch). In addition,qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, atleast 18 months to final maturity at point of issuance, a fixed coupon schedule, and a minimumamount outstandingof $1 billion for USTreasuries and $250 million for all other securities.ICE BofA 1-5 Yr AAA-A US Corp &Govt IndexThe ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinatedUS agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an averageof Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five yearsremaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amountoutstandingof $1 billion for sovereigns and $250 million for agencies.ICE BofA 1-5 Yr US Treasury & Agency Index